Russell Investments Group Ltd. Buys 24,408 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Russell Investments Group Ltd. boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,622 shares of the semiconductor manufacturer’s stock after purchasing an additional 24,408 shares during the quarter. Russell Investments Group Ltd.’s holdings in Skyworks Solutions were worth $60,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWKS. Czech National Bank raised its stake in shares of Skyworks Solutions by 47.9% during the 3rd quarter. Czech National Bank now owns 27,858 shares of the semiconductor manufacturer’s stock worth $2,747,000 after acquiring an additional 9,018 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Skyworks Solutions by 1.2% in the third quarter. Handelsbanken Fonder AB now owns 84,103 shares of the semiconductor manufacturer’s stock worth $8,292,000 after purchasing an additional 969 shares during the last quarter. Cavalier Investments LLC increased its position in shares of Skyworks Solutions by 3.7% during the third quarter. Cavalier Investments LLC now owns 5,876 shares of the semiconductor manufacturer’s stock worth $579,000 after purchasing an additional 210 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Skyworks Solutions by 40.3% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 22,300 shares of the semiconductor manufacturer’s stock valued at $2,199,000 after purchasing an additional 6,400 shares during the last quarter. Finally, Garrison Asset Management LLC boosted its position in shares of Skyworks Solutions by 1.6% in the 3rd quarter. Garrison Asset Management LLC now owns 10,110 shares of the semiconductor manufacturer’s stock worth $997,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $104.30 on Monday. The stock has a market cap of $16.71 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69. The business has a 50-day simple moving average of $104.07 and a 200-day simple moving average of $101.83. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. Skyworks Solutions’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 earnings per share. On average, equities analysts expect that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a yield of 2.61%. Skyworks Solutions’s dividend payout ratio is presently 48.23%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SWKS shares. TD Cowen upped their target price on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. B. Riley boosted their target price on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. StockNews.com lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, Susquehanna lifted their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and a consensus target price of $115.10.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.